Peugeot Family Approves Draft Dongfeng Deal
PSA Peugeot Citroen’s founding family gave the go-ahead on Monday for a $4.1 billion tie-up with China’s Dongfeng, that would draw a line under one of France’s oldest industrial dynasties, sources said. The boards of Peugeot family holding Etablissements Peugeot Freres and its FFP subsidiary signed off on the capital increase plan to be announced by the French carmaker on February 19th, two people with knowledge of the meetings said.
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